Aviat Networks price target lowered to $55 from $59 at B. Riley

B. Riley analyst Dave Kang lowered the firm’s price target on Aviat Networks to $55 from $59 and keeps a Buy rating on the shares. Aviat Networks reported Q3 revenue below analyst estimates and lowered its revenue outlook for FY24 due to unfavorable margin business from two customers, the analyst tells investors in a research note.